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The result of a settlement agreement involves the responsible party paying a certain amount to compensate for the damages caused to the victim.
The initial demand has to be big enough so that you have room to negotiate. If, for example, you want to settle the case for $80,000, and you demand $90,000, you have very little room to maneuver. As a general rule, your initial demand should be at least twice what you are looking to settle the case for, if not more.
The multiplier method for calculating pain and suffering has two steps. The first step is to identify the total value of the plaintiff's economic damages. The second step involves multiplying that value by a number that best fits the circumstances of the case.
In all cases except foreclosure actions, the deadline to file the Answer to file the Answer Complaint (JD-CV-106) is within 30 days of the ?Return Date? shown in the box on the top right corner of the Summons. In foreclosure actions, the deadline is within 15 days of the Return Date.
However, settlement amounts depend on the type of damages involved. For instance, in 2020, the average bodily injury claim was $20,235, while the average property damage claim was just $4,711. The type of injuries you incur can also impact your settlement amount.
The pain multiplier approach: This method determines pain and suffering damages by multiplying actual economic damages like medical expenses by a set number (the multiplier). The multiplier is usually between 1.5 and 5, with a higher multiplier for more serious injuries.
In Connecticut, the statute of limitations for personal injury claims is two years. The two-year time clock begins to run on the day of the accident. So, for example, if your accident occurred on October 1, 2020, you will have until October 1, 2022, to file your claim.